It has just been announced that James Holzhauer had become the latest person to hit a million dollars on the show Jeopardy!. Many viewers may be wondering what happens next for the wunderkind contestant. Let’s take a closer look at Holzhauer’s main occupation and how well he does at it.
Holzhauer’s Main Occupation
It’s been a whirlwind year for James Holzhauer. The 43-year-old from Lowell, Massachusetts hit the big 4-0 last January, making him the world’s best poker player at the time. Since then, he’s become a bit of an online sensation, racking up millions of views on YouTube and Twitch for his unique take on the game. But aside from poker, Holzhauer’s main career choice is actually to be a stockbroker, and he’s been at it for more than a decade. Before he got into the stock market, however, he had a very successful career as an options trader for several investment firms, eventually joining a Boston-based firm and then establishing his own shop in Las Vegas.
How Does He Do At Stock Brokering?
If you’ve followed James Holzhauer’s career at all, you’ll know that he’s accomplished a lot in his short life. But aside from his multiple million-dollar wins on Jeopardy! and other achievements such as poker’s Game of the Year in 2006, 2007, and 2010, he’s also been named to Barron’s List of Top Young Black Professionals seven times and was included in Fast Company’s list of the 100 most Creative People in Business. In addition to all the money he’s made playing poker, Holzhauer also reportedly made millions of dollars in the stock market.
As a stockbroker, how well does James holzhauer do at his main occupation? Let’s take a look.
Overall Performance Review
Based on publicly available information, it’s hard to give an overall performance review of James Holzhauer as a stockbroker. Due to the strict confidentiality agreements that many brokerage firms have with their clients, there aren’t any reliable metrics available to determine how well he’s doing. The best we can do is pore over the stats for James Holzhauer’s individual trades and study his overall performance.
What Is A Penny Stock?
A penny stock is a small company that sells for $0.01 or less per share. Because a penny stock has little or no investment value, it’s usually the case that brokers do not require their clients to put up any money to buy these stocks. Instead, the broker handles all the transactions for the client. However, it’s important to note that a penny stock can still be worth quite a lot – sometimes even more than you’d expect just from performing a simple penny stock analysis. This is mainly thanks to the large number of retail investors that get swept up in the frenzy of buying cheap stocks at any price and end up getting fleeced by the market. In a nutshell, penny stocks are usually a way for scam artists to make a quick buck.
How Is James Holzhauer’s Trading Style?
If we want to find out how well James holzhauer does as a stockbroker, it helps to examine how he trades. Generally speaking, most stockbrokers will take a similar approach – buying and holding onto stocks for the long term, studying the markets, and taking quick, intraday trades to make a profit.
Although stockbrokers are highly trained to be detail-oriented and follow certain set procedures when conducting a trade, there is still quite a bit of freedom in how they approach the market. Depending on the size of the account that a client owns, the broker may offer more or less guidance on when to buy and when to sell. Typically, smaller accounts get less hand-holding and more access to experienced traders.
Summary
This is a pretty hefty review of James Holzhauer’s stockbroking career. But I think that it’s important to point out that just because he’s not making tons of money right now doesn’t mean that he’s failed as a stockbroker. If you look at the numbers and consider all the factors, it’s clear that James Holzhauer is still one of the best in his field – and maybe even the best at his main occupation.